The Knicks have reached an agreement with Langston Galloway on a deal that will run through the rest of this season and next season, according to multiple reports. The deal comes with a partial guarantee to pay Galloway $850 K next year, so if the Knicks want him, they now have him locked up on the cheap.
Galloway was recently called up from the D-League after his strong performance in Westchester, and has averaged 12 points, 4 rebounds, 3 assists, and a steal in 28 minutes per game. The 23 year-old is shooting 43% from the field and 39% from beyond the arc.
The Knicks were hesitant to lock up any cap space before the summer, when they plan to chase some big stars, but teams are required to fill their roster with players making (at least) the minimum salary. Galloway’s deal, if it ends up being for $800 K, will only pay him $300 K more than the absolute minimum contract, which would be $500 K if the Knicks were to give that roster spot to a rookie.
So it’s not much of a financial hit at all for the Knicks, and it appears like it could be a steal if Galloway keeps up his strong play.